Overview

This book is my earnest attempt to help others understand the nuances and the phenomena of the global recession / depression in detail. I sincerely hope that this book will help businesses/ economists as well as general people to understand the consequences of recession, and how they can recover from it and so on. It is important to note that, understanding the sources of recessions has been one of the most enduring areas of research in economics. This is so because recessions have plenty of negative consequences which can affect everyone across the globe. Moreover, in an integrated and an increasingly globalized world, you cannot afford to ignore how the recessions transform the landscape of business and society in your economy. The interconnection of trade relations and financial systems among countries can help to spread an economic shock in one region to other regions, leading to a global recession. Also, it's important to know how to identify signs that indicate a recession so that you can take measures to prepare for it. This book includes a comprehensive framework to determine the onset of recession based on the average of 5 critical / most important standalone parameters which when aggregated/ consolidated together comes up with a figure, the movement of which, can provide us with the information related to the recessionary or expansionary trend year on year. Also, these 5 key economic indicators can help you determine when a recession might begin.

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